Baylin Technologies (TSE:BYL) Trading 19.7% Higher – Here’s What Happened

Baylin Technologies Inc. (TSE:BYL)’s stock price rose 19.7% during trading on Monday . The stock traded as high as C$0.36 and last traded at C$0.36. Approximately 296,426 shares were traded during trading, an increase of 514% from the average daily volume of 48,246 shares. The stock had previously closed at C$0.30.

Baylin Technologies Price Performance

The business’s 50-day moving average price is C$0.27 and its 200 day moving average price is C$0.27. The stock has a market capitalization of C$93.46 million, a PE ratio of -9.50 and a beta of -0.24. The company has a debt-to-equity ratio of -175.54, a quick ratio of 0.46 and a current ratio of 0.77.

Baylin Technologies (TSE:BYL) last issued its quarterly earnings data on Thursday, May 14th. The company reported C($0.02) EPS for the quarter. Baylin Technologies had a positive return on equity of 45.54% and a negative net margin of 6.74%.The business had revenue of C$16.06 million for the quarter. Research analysts forecast that Baylin Technologies Inc. will post 0.0064781 earnings per share for the current year.

About Baylin Technologies

Baylin Technologies Inc is a diversified wireless technology management company. It focuses on the research, design, development, manufacturing, and sales of passive and active radio frequency and terrestrial microwave products and services.